Dec 10, 2012 9:03pm
Re: Crossfire Hurricane
"On the days he has some money, he roots through the stack of bills and pays the ones he can. When he doesn’t, which is often, he phones his friends and suggests they play a few gigs in local pubs and clubs, living out of the back of a Transit van.
But what about his royalties from the Stones? ‘In 1982 they stopped paying me. They’d signed to a different record company and had new contracts and were advised they didn’t need to pay me any more,’ explained Taylor with a shrug.
‘Until then, I’d had a contract with Rolling Stones Records which was licensed to Atlantic Records – the same contract as the rest of the band.’
The deal gave him an equal share of performing royalties, though Jagger and Richards shared the writers’ royalties. But when the Atlantic contract expired, the band’s management used a loophole in Taylor’s contract to stop all payments.
‘I should have got a lawyer,’ he said. ‘But instead I called them rude words and asked how they could just stop paying me. They all know it’s not right. In fact it is outrageous. They get all the money and I get the plaudits and praise, even from Mick.
‘I’ve tried to talk to Mick a couple of times, but I realise that hiring a lawyer is probably the only way they’ll take me seriously. But they figure I’m not going to do anything about it.’
Taylor thinks for a moment, then adds: ‘I’m going to do something about it because it’s morally wrong to cut my royalties for those six albums.’ "
EDIT: Quote from article
This post was modified by Reade on 2012-12-11 05:03:45